We are smashing up against the final resistance level before the all time high right now. This is incredibly exciting. The next move up will quickly take us to $69K. It may take a couple of tries to break through where we are now, but the fireworks are coming and they coming sooner than I had anticipated. Cheers!
Well no man's zone is somewhere between around $55k and $82k, so sure there could be resistance around old ATH.. but not very likely.. dee cornz doesn't usually work like that... the main question is just if there had been enough consolidation prior to entering into no man's zone in order that there would be enough buy support to get through the whole zone without it failing ..so the likely resistance would be prior to entering noman's zone (which would be right around or below $55k-ish rather than existing after we have already entered the zone.
One particular concern would be that we went up to $49k and then corrected down to $38.5k and then ONLY spent a little bit of time around $42k/$43k and then pretty much shot straight up to our current lower $50ks, so there could be a question regarding whether we shot up too fast in order to get through no man's land once we enter. I am not going to be surprised either way, but if I were a betting man, I would still suggest the the most resistance would be between around here and $55k rather than having resistance within the middle of noman's land including around the current ATH... within 5% to 10% of thre current ATH might be more accurately characterized as hot butter zone.
I think that it depends on your mindset.
Are you in bitcoin to get more dollars (or euros)?
OR
Are you in bitcoin to increase your bitcoin (for the foreseeble future)?
On the surface, unless I am just being too argumentative for the mere sake of it, those don't sound like the right kinds of categories to help to figure out how some of us might be managing our BTC holdings in differing kinds of ways. Many of us are mostly HODLing bitcoin and surely when it comes to Phil and maybe some other folks, they are in and out and in and out, and they are not really allowing their bitcoin holdings to compound, so it reminds me of a trader, and sure maybe that is what you mean by that kind of mindset.
If #1, then you would be prone to premature distributions.
That does sound like Phillip, and traders tend to do that too, especially the ones who are living off their trades rather than having a separate income. There is probably a certain amount of the stash of some folks (whether Philip or some other folks) in which they are not keeping them sufficiently separate and not building that separate investment stash.. so they are always dipping into it, even if they are still saying that they have a separate stash, they are not focused enough about that separate stash to continue to build it, even if they might do it in a whimpy way.. .
So even if we go with our wimpy investor who mostly buys 20 BTC and mostly sits on it, but if ever year or so, he is still buying some extra BTC on the dips and engaging in other kinds of additive measures, he may well end up increasing his stash by 50% or more over the next 5-8 years.. .even if those subsequent bitcoin (10 or 15 more BTC) ended up costing way more than the initial 20 BTC... so that would still be a better practice than the guy who keeps dipping into his BTC every year..
Sell/buy: It looks easy on the paper, but very difficult to time both a sell and a re-buy even though @OgNasty thought that it is easy to sell/buy by just following the cycles.
Once you start to 100% believe in that scheme, it might bite you, not that I am against the existence of cycles-they were undeniable so far.
Yep.. some of these guys who are fucking around with the cycle like that may well end up getting eaten up a bit more than necessary... especially if they are playing around with large parts of their stash.. which is part of the justification to sell more increments as I try to present in
my raking spreadsheet... and also to have not expectation to buy back.. which I also attempt to present, but people don't seem to believe me... so yeah, you can sell small enough amounts that you don't give any shits if you buy back,. but those amounts can still end up adding up and. you have flexibility if you buy back or not.
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